“There’s been a widespread realization within law firms, especially now that they are more resource constrained, that repeat work needs to be minimized and made more efficient with tech, to free up space to focus on higher value work.” Katie Orr, the global head of practice innovation at Orrick, commented in a legal services delivery talk that something has changed when it comes to lawyers adopting new technology. Zach Warren of Thomson Reuters in a talk on legal technology being a firm’s superpower, indicated that tech use is not just a cost play, but can provide a much-needed way to differentiate in a competitive market. Business and outside pressures are demanding better, more predicable outcomes and law firm revenue models that move away from the billable hour, which point to new ways of getting work done. In their recap of the state of the industry, ALM’s Heather Nevitt and Patrick Fuller indicated that digital transformation is no longer a choice for law firms and legal teams.
Here are our observations on legal innovation from Legalweek 2023. Whether it’s due to the advent of new tech permeating our daily lives ( OpenAI launched plugins for ChatGPT for commonly used apps like Slack, Open Table, Expedia on March 23), the influx of a new generation of tech-savvy lawyers, or the COVID-created hybrid work life that isn’t going anywhere, real change is happening in legal and evidence of an evolution taking place was in full force at the Hilton Midtown in NYC last week.
Conversations on and off the session stage at Legalweek 2023 signaled that industry innovation is now on a fast track.
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